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Mina ($MINA) and Neo ($NEO) witnessed notable hikes over the past day, making them the top gainers among the top 100 crypto assets.
Mina price surge
$MINA is up by 22% in the past 24 hours and is trading at $0.74 at the time of writing. The asset reached a local high of $0.92 after an 85% surge on Oct. 26 after being listed on the leading Korean exchange Upbit.
Mina’s market cap currently stands at around $740 million, with a 24-hour trading volume of roughly $250 million. The native token of the Mina Protocol recorded a 101% surge over the past 30 days.
According to data from the market intelligence platform Santiment, $MINA’s social volume witnessed a 450% rise over the past 24 hours. However, the asset’s social activity is still down by 93% from its local top on Oct. 24.
Per Santiment, Mina’s development activity has consistently declined over the past two weeks — marking a 68% dive since Oct. 24.
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Neo price surge
$NEO’s price reached an eight-month high of $15.3 on Nov. 5 — this price point was last seen in late February. While recording a slight decline until Nov. 8, Neo gained 13.6% in the past 24 hours and is trading at $13.92 while writing.
The asset’s market capitalization currently stands at $981 million, with a 24-hour trading volume of around $153 million.
According to Santiment, Neo’s development activity skyrocketed by 2,370% over the past seven days. With the latest rise, the asset’s development activity currently stands at a 17-month high.
Moreover, Santiment data shows that $NEO’s social volume registered a 40% incline over the past 24 hours.
The recent hike in the $NEO price comes as the amount of interest in short positions is higher than long positions on the largest crypto exchange by trading volume, Binance — with the Binance funding rate currently hovering around 0.01%.
A crypto.news report on Nov. 6 showed that $NEO briefly touched a 36-week high of $15.3 as the short position $NEO holders dominated long position holders.
The rise comes as the global crypto market capitalization reached an 18-month high of $1.38 trillion after witnessing a local bottom of around $790 billion in early January.
Read more: $NEO reaches 36-week high while short-positions rise